The New Advanced Technology Wound Closure Market are Acelity L.P.Inc., Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group plc, Baxter International Inc., Integra LifeSciences Corporation, Medtronic plc, Molnlycke Health Care AB,

Introduction of new advanced technology in wound closure treatment is expected to fuel the growth of wound closure market

Market players operating in wound closure market are focusing on innovation and new launches to tap emerging markets. For instance, in March 2017, Ethicon and DePuy Synthes collaborated to jointly introduce customized wound closure kit for orthopedic surgery. The new wound closure kit includes the Ethicon’s DERMABOND PRINEO skin closure system and innovative wound closure product STRATAFIX- a knotless tissue control device. The new wound closure kit allows the orthopedic surgeon to choose the different types of sutures depending on the layer of closure. The Kit is convenient to use for specific procedures and it provides the standardization and efficiency in the operating room.

In December 2015, Acelity, a wound care and regenerative medicine company acquired the SNaP therapy system, which is a disposable single patient use negative pressure wound therapy (NPWT) product portfolio from the Spiracur, Inc. SNaP therapy system allows the treatment of complex and head-to-heal wounds with portable, disposable and non-powered negative pressure technology. Moreover the strategic collaboration and acquisition to bring the innovative wound closure products in the market are expected to propel the growth of the wound closure market over the forecast period.

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Some of the key players operating in global wound closure market are Acelity L.P.Inc., Smith & Nephew plc, Johnson & Johnson, B. Braun Melsungen AG, ConvaTec Group plc, Baxter International Inc., Integra LifeSciences Corporation, Medtronic plc, Molnlycke Health Care AB, and Cardinal Health, Inc.

The skin breakdown with ulcers and chronic wound formation is one of the common clinical problem, as the geriatric population are more prone to the wound and ulcers. Rising number of surgical procedures among aged population are expected to have increased potential for wound complications. According to the data published in the National Center for Biotechnology Information (NCBI) in November 2016, in U.S. chronic wounds are reported to affect 6.5 million patients with approximately US$ 25 billion expenditure annually by healthcare system on wound related complications.

According to the data published in the January 2016 by the Population Reference Bureau report, prevalence of obesity rate among the older adults have been increasing from 31.6% to 41.5% among the men aged 65 to 74 while the prevalence among the men aged 75 and older has increased from 17.7% to 26.5%. Moreover this trend is expected to significantly increase health burden including high risk of diabetes, cardiovascular disease, osteoarthritis, stroke, and cancer, which adversely impact the wound healing in geriatric population.

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Detailed Segmentation:

Global Wound Closure Market, By Product:
Wound Dressings
Foam Dressings
Hydrocolloid Dressings
Film Dressings
Alginate Dressings
Hydrogel Dressings
Collagen Dressings
Other Dressings
Surgical
Sutures
Absorbable Sutures
Non-absorbable Sutures
Staples
Tissue adhesive, sealant & Glues
Hemostats
Traditional/Basic Wound Closure Products
Global Wound Closure Market, By Application:
Ulcers
Diabetic Ulcers
Venous Leg Ulcers
Pressure Ulcers
Acute & Sub-acute Ulcers
Arterial Ulcers
Surgical Wounds
General Surgery Wounds
Oncology Surgery Wounds
Urology Surgery Wounds
Cardiovascular Surgery Wounds
Obstetrics & Gynecology Surgery Wounds
Neuro & Spine Surgery Wounds
ENT Surgery Wounds
Orthopedic Surgery Wounds
Plastic, cosmetics & reconstruction Surgery Wounds
Burn Injuries
Other Applications
Global Wound Closure Market, By End User:
Hospitals
Inpatient Settings
Outpatient Settings
Long-term care settings
Home Care Settings

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